20160121 Possible target for SPX500 at 1073 for 50% loss
Updated
Observations from the past could repeat in future
Major double tops around 1534 (2000) 1576 (2007) could became major support
Relative lost 50% (2003) (took 944 days) and 57% (2009) (took 548 days)
-> if we figured possible 50% drop from 2137 it would gives around 1073.9 which was a support (could be within 1000 days) (2018)
Looking incredible? We never knows
Major double tops around 1534 (2000) 1576 (2007) could became major support
Relative lost 50% (2003) (took 944 days) and 57% (2009) (took 548 days)
-> if we figured possible 50% drop from 2137 it would gives around 1073.9 which was a support (could be within 1000 days) (2018)
Looking incredible? We never knows
Note
See picture below without indicators
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